DSW closes $75 mln purchase of AIMCo's stake in Town Shoes
DSW Inc (NYSE: DSW) has completed its previously announced purchase of a 49.2% interest in Canadian footwear and accessories retailer Town Shoes Ltd. The final acquisition price was $75.5 million. DSW bought the stake from Alberta Investment Management Corp (AIMCo) and other minority investors. AIMCo and Canadian private equity firm Callisto Capital together acquired a majority position in the Toronto-based Town Shoes in 2012. DSW said that its initial stake provides 50% voting control and board representation equal to the primary remaining shareholder, Callisto. With headquarters in Columbus, Ohio, DSW is a branded footwear and accessories retail company.
12 May 2014•4 mins read
